PSM Holdings,
Inc. (PSMH) conducts its business operations through its wholly owned
subsidiary, PrimeSource Mortgage, Inc. (PSMI) which began its mortgage
brokerage operation in 1991. PSMI quickly became the leading mortgage
company in the Southwest, and today there are more than two dozen
individually owned and operated offices nationwide.
The network of branches will close an estimated 200
million dollars in home loans in 2007. PSMI generates revenues by
originating mortgage loans that are funded by more than 75 national
lenders from whom we are able to obtain the most competitive rates
available. Therefore, our clients have the distinct advantage of
accessing unique lending programs to better enhance their financing
opportunities.
In October of 2005, PSMH announced that it has gone
public with shares now available as Over the Counter (OTC) stock. Ron
Hanna, Chairman of the Board, said that the primary reasons for going
public are that “it affords PSMH the opportunity to grow more rapidly
and it makes it possible for our staff, branch owners, customers, and
investors to own shares in the Company.”
In preparation for this growth surge, the Company has
obtained licenses in 24 states— Alaska, Arizona, Arkansas, California,
Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Louisiana,
Minnesota, Michigan, Missouri, Nebraska, Nevada, New Mexico, Oklahoma,
South Dakota, North Dakota, Tennessee, Texas, and Wyoming—with applications in various
stages of the process in many more states. It is the goal of PSMI to
serve clients from coast to coast.”
The Board of Directors of PSMH has established a fairly
aggressive growth plan for both PSMI as well as PSMH. As shown under
the
Corporate Structure tab on this web site, the vision of
PSMH is to build an integrated mortgage brokerage, mortgage banking, and
mortgage investment firm. By selling its shares to private investors,
the Company will be able to raise capital. PSMH will then lend out the
capital in the form of mortgage loans. Through these private placement
investments, the Company will be adding assets, value, and cash flow.
President Jeffrey R. Smith promised, “While experiencing
this growth surge, PSMI holds firmly to its belief that Service and
Relationships are the two most important issues when dealing with
our customers. PSMI intends to continue growing while building lasting
relationships with our customers, realtors, builders, and investors.
Whether you’re our customer or whether we’re yours, PSMI is here to
provide the very best in a mortgage product and service.”
To purchase PSMH Stock, please review list of PSMH Stock Market Makers
CLICK HERE!
